Al-Arafah Islami Bank Ltd. has recommended 21% Stock Dividend for the year ended on 31st December 2011 subject to the approval of the Annual General Meeting (AGM). The decision was taken in the 223rd meeting of the Board of Directors of the Bank, held in Dhaka on 19th April 2012. Mr. Badiur Rahman, Chairman of the Board presided over the meeting. The meeting also decided that the 17th Annual General Meeting (AGM) of the Bank would be held on 20th May 2012. Members of the Board, Managing Director of the Bank and Company Secretary were present in the meeting.